The agreement will continue to support the Group’s efforts to provide financial solutions for SMEs, with a special focus on women-led businesses and those in environmentally responsible sectors. The signing of this agreement is the latest milestone in a strategic partnership between the two guarantee funds, which began with the creation of the SGG, and which AGF helped to operationalise. Africa faces a significant energy access challenge, with approximately 600 million people lacking electricity as of 2023. Watch Our Video This agreement signifies the start of a long-term strategic relationship, and it provides a perfect intersection of the AGF's mission to unlock financing for SMEs, and BOI's mandate to catalyse Nigeria's industrialization and economic transformation. The partnership marks the beginning of a new chapter in AGF and KNCCI's shared vision of economic empowerment for Africa’s SME sector. This strategic partnership, a first of its kind, aims to boost NBM’s lending portfolio and expand its offerings to underserved segments, particularly women-led and green enterprises. AGF has renewed its partnership with the largest microfinance bank in Uganda through a USD 25 million Loan Portfolio Guarantee. AGF calls for continued collaboration in advancing financial inclusion of SMEs as an essential tool to drive sustainable economic development in Africa.